Real Estate Agent Pleads Guilty to Defrauding Greenpoint

Eric Wayne Moen, 36, Park Rapids, Minnesota, pleaded guilty in federal court to defrauding a mortgage company by conspiring to secure a $640,000 mortgage under false pretenses. Specifically, Moen pled guilty to one count of conspiracy to commit wire fraud. He entered his plea in Minneapolis before United States District Court Judge Ann Montgomery. Moen was indicted on August 20, 2009.

In entering his plea, Moen admitted that between August 1, 2005, and November 28, 2005, he participated in a scheme to defraud GreenPoint Mortgage. To further that scheme, Moen, a licensed real estate agent at the time, conspired with Kevin Ray Winkelmann, 39, Shorewood, tofalsify a mortgage loan application in an effort to secure a loan Winkelmann could use to purchase a house. Specifically, Moen and Winkelmann agreed in connection with the mortgage loan application to generate fraudulent employment verification for Winkelmann. Winkelmann, in fact, was not employed. Based on the fraudulent application, the mortgage company wired $641,840.63 to a title company as part of the real estate closing process.

Moen faces a potential maximum penalty of 20 years in prison for his crime. Judge Montgomery will determine his sentence at a future date. Winkelmann was sentenced on March 3, 2009, to six months in prison for his role in the mortgage fraud scheme.

This case is the result of an investigation by the Internal Revenue Service-Criminal Investigation Division and the U.S. Postal Inspection Service. It is being prosecuted by Assistant U.S. Attorney David M. Genrich.

Allison Tussey

Each day, our own president does nothing to change, alter or end a single problem or campaign promise. He has done nothing but prove himself to be just a part of the ‘chicago machine’ and its ‘do nothing’ attitude towards real problems. Meanwhile, the people suffer because they have a government not ‘put in place’ by their choice. How corrupt has America become? Corrupt beyond your wildest dreams is the only answer. Therefore, the only answer is to fire every single component of the vehicle that delivered the American public to Hell- the US govt. That flag is our flag and has nothing to do with screwing over and harming other people in this country and world. But beware most the control of what you hear and what you see as real… many are the ways of the wicked.

Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.